15.07.2014 23:27:00

Albemarle Corporation -- Moody's places Albemarle's Baa1 rating under review for downgrade

New York, July 15, 2014 -- Moody's Investors Service placed Albemarle Corporation's (Albemarle) Baa1 senior unsecured ratings and the P-2 short-term rating under review for possible downgrade. The review was prompted by the company's announcement that it has entered into a definitive agreement to acquire Rockwood Holdings, Inc., parent of Rockwood Specialties Group, Inc. (Ba1, rating under review for possible upgrade) in a transaction valued at approximately $6.2 billion or $85.53 per share.

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